Category: CFO TIPS

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CFO TIP – PAYABLES MANAGEMENT

  Cash flow management is crucial in all businesses. Todays tip – Accounts Payable Payables follow three basic principles: Timelines Communication Discounts The best source of funds comes from your bank account and cash retention...

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CFO Tip – Receivables

One of the crucial parts of cash flow management is the collection of your receivables. Surprisingly, I have seen receivables be one of the most mis-managed items in companies. The keys to success in...

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CFO TIP – CASH FLOW

Balancing cash flow is crucial. More importantly however is your liquidity as represented by your “working capital”. Working capital  generally consists of: Cash & equivelants Receivables Payables Inventory Balancing the flow of these components...

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“Garbage in = Garbage out”

The information processed in the administrative department of your business is crucial to the success of your busines. I’ve seen far too many owners and CEO’s neglect the importance of developing processes that provide...